U.S. Housing Market
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
Judge David Jones said he was “satisfied” with Summit’s plan to mitigate the more than 6,500 housing code violations in Pinnacle’s portfolio. Continue Reading Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
The Build Housing, Unlock Benefits and Services (HUBS) Act is from Sens. John Curtis (R-UT) and Lisa Blunt Rochester (D-DE). Continue Reading New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
Starter Home Sales Up Nearly 5%
The typical starter home price rose 2% year-over-year to $260,000 in October. Continue Reading Starter Home Sales Up Nearly 5%
Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Qualification can be obtained through 12 months of personal or business bank statements, or one year’s full documentation. Continue Reading Deephaven Mortgage Debuts HELOC with Qualification Option for Self-Employed Borrowers
Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
Single-Family Housing Starts Down by 8.4%
Single-family housing completions in January were at a rate of 982,000, a 7.1% rise from the revised December rate of 917,000. Continue Reading Single-Family Housing Starts Down by 8.4%
Mortgage Application Activity and Forbearance Levels Go in Decline
The MBA reported the total number of loans now in forbearance decreased to 0.40% as of Jan. 31. Continue Reading Mortgage Application Activity and Forbearance Levels Go in Decline
Thompson Thrift to Develop 255-Unit Multifamily Community in Denver Suburb
tack at Wheat Ridge will be the company’s 20th Colorado location. Continue Reading Thompson Thrift to Develop 255-Unit Multifamily Community in Denver Suburb
Builder Confidence Declines Amid Tariff and Housing Cost Concerns
February’s reading is the lowest level for the HMI in five months. Continue Reading Builder Confidence Declines Amid Tariff and Housing Cost Concerns
Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Continue Reading Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Pittsburgh and Detroit were the exceptions to the rule. Continue Reading Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Florida Gov. DeSantis Voices Support for Eliminating Property Taxes
“Property taxes are local, not state,” DeSantis wrote in his X response. Continue Reading Florida Gov. DeSantis Voices Support for Eliminating Property Taxes
Iowa Home Sales Up Nearly 5% in January
The median sales price remained steady at $220,000, a 2.3% increase from last year. Continue Reading Iowa Home Sales Up Nearly 5% in January
16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million
“The properties were contiguous with a 116-unit complex we had just sold for the owner in December 2024,” said National Multifamily Corp.’s Matt Cawley. Continue Reading 16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million
The Best State Capital to Live In Is…
Maine’s capital of Augusta ranked last among the 50 state capitals. Continue Reading The Best State Capital to Live In Is…
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